Page 32 - Demonetisation

Indian businesses fear lingering economic aftershocks from Modi's note ban

Noteban has developed a psychology among customers to spend only on essential items

Vehicle sales drive around note ban in south

Demand for passenger car and two-wheeler sales in South was not impacted during the third quarter of 2016-17, while North and Western markets have taken a hit. M&HCVs demand was weak in Western and Southern states in the third quarter, while demand in Northern states was relatively steady.SIAM and Kotak Institutional Equities Research report number shows passenger vehicles sales in the country rose by 1.5 per cent during the third quarter to 749,051 units from 738,135 units.The growth was driven mainly from South, which reported nine per cent growth to 205,484 units during the third quarter as compared to 188,549 units, a year ago.Nine month period number shows, while South grew by 16.9 per cent to 672,725 units from 575,635 units, North grew by 0.3 per cent to 608,287 units from 606,411 units.The South volumes driven by Tamil Nadu and Kerala, which saw 13.4 per cent and 13.8 per cent growth in third quarter, while Andhra Pradesh and Teleagana grew by 11.8 per cent. The IT hub of .

The enigma of low unemployment rates

During the week ended Feb 26, consumer sentiment fell 3.4%, unemployment rate rose to 4.4%

India firms fear lingering economic aftershocks from cash crackdown

PM Narendra Modi's currency ban had caused huge disruption to daily life

Police arrests four with Rs 49 lakh in demonetised banknotes

A Maruti car has also been seized in which they ferried the currency from Delhi to Ghaziabad

BJP's win in polls means people support demonetisation: Tiwari

Party gives credit to youth for its victories in civic body polls in Maharashtra and other states

Three months on, Indian economy is still crippled by demonetisation

The policy was flawed in its conception and exacerbated by an equally dismal implementation

Demonetisation sucked in cash like vacuum cleaner: IMF official

IMF in its report urged the Indian Government to continue to enhance the supply of new banknotes

Post-demonetisation, focus now on flow of black money: Arvind Subramanian

Avoiding making any comments on the note ban process undertaken by the Centre, the chief economic advisor to Government of India Arvind Subramanian on Friday said that the focus should now be on arresting the flow of black money.Speaking as part of his lecture 'The Surprise that is the Indian Economy' at the Indian Institute of Management, Ahmedabad (IIM-A), Subramanian said that the focus on the flow of black money may involve some carrot and stick methods."Black money has two dimensions including money made from prohibited activities and that made legally but not disclosed. There is a stock and flow of black money. Now that demonetisation is done, we should now focus on flow of black money and it is going to need sticks and carrots," said Subramanian while answering a question on black money.As part of his lecture, Subramanian paraphrased the Economic Survey that was tabled earlier before the union budget and highlighted some of the anomalies of the Indian economy as against the ...

Note ban has boosted banks and start-ups, but it's still a big failure

The government said its demonetisation drive would curb India's shadow economy

Taxman scans companies with sudden rise in cash sales

On radar are businesses that have shown sudden rise in cash sales immediately after Nov 8

Aadhaar Pay to be introduced soon: All you need to know

The government has asked all banks to launch on the platform by March 31

No threat, show cause to be issued to taxpayers, says CBDT

Under Operation Clean Money, the department had sent communications to 18 lakh people

Demonetisation a bitter pill for long term illness: Venkaiah Naidu

He said black money is eating our economic system, now the money is back in the bank

Taxmen to spare deposits below Rs 5 lakh in 2nd phase of account scrutiny

. The second phase of the project will begin next month

Migrant workers return to Gujarat

Industry workers say while cash crunch continues to ail, work is definitely getting back on track

Despite demonetisation, Indian consumers remained confident in Q4: Nielsen

For the second quarter in a row, India's consumer confidence index remained high, topping the global list of countries on the same parameter, market research agency Nielsen said today. Data released by the agency shows that India's consumer confidence index for the fourth quarter of calendar year 2016 was 136, three points ahead of the score it achieved in the third quarter of 2016.The increase in consumer confidence, said Nielsen, came at a time when the Government of India announced a ban on high-value notes, covered during the agency's survey period, stretching from October 31 to November 18, 2016. Over 30,000 online respondents from 63 countries were polled as part of the survey, the agency said.Prasun Basu, president, Nielsen, South Asia, said the increase in confidence reflected that consumer sentiment remained strong despite demonetisation. "While the ban on high-value notes created short-term constraints for consumers, the long-term outlook is bullish," Basu said.Some of the ..

Households rein in a runaway rise in expectations

Sentiment up a healthy 2.2% in week ended Feb 19, coming on top of a 1.7% rise in the preceding week

Note ban: You can withdraw Rs 50,000 from your savings accounts from today

Govt, RBI had imposed limits on withdrawal of money due to shortage of currency following note ban

I-T labels 9 lakh accounts under Operation Clean Money as 'doubtful'

But action against them will only follow after new tax amnesty scheme ends on 31 March